Stable currency issuing and supervising system and method based on double circulation systems

Abstract

The invention provides a stable currency issuing and supervising system based on a double circulation system, and the system comprises a reserve fund circulation management system which is a circulation system between a bank and a stable currency issuer, and units participating in the reserve fund circulation management system comprise an auditing mechanism, a trusteeship bank, the stable currency issuer and a supervising mechanism; the stable currency circulation management system is a circulation system between a stable currency issuer and a client, and units participating in the stable currency circulation management system comprise the stable currency issuer, a virtual asset service provider and a supervision system; the stable currency issuer and the supervision mechanism both participate in the reserve fund circulation management system and the stable currency circulation management system, and the reserve fund circulation management system interacts with the stable currency circulation management system to maintain no overdelivery of the stable currency. The invention also provides a corresponding method which is formed according to a digital stable currency operation principle proposed by American OCC and other supervision rules, so that the issuing amount of the stable currency is limited by reserve money, and the data problem possibly occurring in the uplink process is solved.

Description

technical field [0001] The invention belongs to the technical field of issuance and supervision of a currency in digital currency, and particularly relates to a stable currency issuance and supervision system and method based on a dual circulation system. Background technique [0002] Stablecoins refer to digital currencies with stable value, and compliant stablecoins usually have a 1-to-1 binding and pegging relationship with legal tender. Compliant digital stablecoins, such as Facebook's stablecoins, have always had different operating principles, which are different from stablecoins in the currency circle. In September 2020, the U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC) issued principles for compliant stablecoin issuance including: [0003] 1. There is a 1:1 legal currency reserve (in the United States, this is the US dollar, and in other countries it is the local legal currency); [0004] 2. The reserve can only be in local legal...

AI Technical Summary

Problems solved by technology

[0004] 2. The reserve can only be in local legal currency;

However, the U.S. OCC only gave the principles of stable currency management, and did not give specific solutions

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